It appears that big multinational companies are now signing up for the Paris climate change agreement.
First it was German automobile manufacturer Audi & Volkswagen group. Now tech giant Amazon has signed up.
To underscore its seriousness, Amazon has set an ambitious target of using 80% Renewable Energy by 2024 and 100% Renewable Energy By 2030.
Tough, but necessary
For Amazon founder and CEO Jeff Bezos, it wasn’t an easy decision.
“We’re done being in the middle of the herd on this issue—we’ve decided to use our size and scale to make a difference,” he said.
“If a company with as much physical infrastructure as Amazon—which delivers more than 10 billion items a year—can meet the Paris Agreement 10 years early, then any company can. I’ve been talking with other CEOs of global companies, and I’m finding a lot of interest in joining the pledge.
“Large companies signing The Climate Pledge will send an important signal to the market that it’s time to invest in the products and services the signatories will need to meet their commitments.”
Christiana Figueres, the UN’s former climate change chief and founding partner of Global Optimism, praised Amazon for ‘raising the bar’ in the battle against climate change.
“Bold steps by big companies will make a huge difference in the development of new technologies and industries to support a low carbon economy,” she said.
“With this step, Amazon also helps many other companies to accelerate their own decarbonization.
“If Amazon can set ambitious goals like this and make significant changes at their scale, we think many more companies should be able to do the same and will accept the challenge. We are excited to have others join.”
The U.S company has tried to tailor its operations in a bid to show it is “environmentally friendly.”
Amazon has in recent years turned attention to renewable energy by launching 15 utility-scale wind and solar renewable energy projects that generate over 1,300 MW of renewable capacity.
Similarly, it has launched the “Right Now Climate Fund“, committing $100 million to restore and protect forests, wetlands, and peatlands around the world.
Not done, Its $440 million investment deal with Rivian will accelerate the production of electric vehicles critical to reducing emissions from transportation.
This will see 10,000 of the new electric vehicles on the road as early as 2022 and all 100,000 vehicles on the road by 2030—saving 4 million metric tons of carbon per year by 2030.
Environmentalists say the big leap by blue-chip companies in signing up to the Paris climate change agreement will help to de-carbonize on a faster time horizon, thereby stimulating investment in the development of low carbon products and services that will be required to help companies meet the pledge.